RURAL FUNDS GROUP — Major Shareholding Notification 2015

Nov 4, 2015

Telstra Super Ptv Ltd ABN 86 007 422 522 AFSL 236709

PO Box 14309 MELBOURNE VIC 8001 www.telstrasuper.com.au Telephone 03 9653 6000 Facsimile 03 9653 6090

Telstra Superannuation Scheme ABN 85 502 108 833

M001/003

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TelstraSuper."

04 November 2015

The Manager - Companies ASX Limited Level 45, South Tower, Rialto 525 Collins Street Melbourne VIC 3000

By facsimile: 1300 135 638

Dear Sirs

Re: Notice of Initial Substantial Holder

We attach a form 603, Notice of initial Substantial Holder, for your information.

Yours faithfully

Owen Brailsford Chief Risk Officer

Enc.

603 page 1/2 15 July 2001

		Corporations Act 2001Section 671B
Notice of initial substantial holder
	Io. Company Name/Scheme		FUNDS GROUP
RURAL838492ACN/ARSN
	υ
Name	1. Details of substantial holder (1)ACN/ARSN (if applicable)ר סס			Telstra Super Pty Ltd, as trustector Telstra Superannuation scheme ("Telst raSuper")
	The holder became a substantial holder on	29/10/2015
	2. Details of voting power	The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had arelevant interest (3) in on the date the substantial holder became a substantial holder are as follows:
	Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
	ardinan shares	315.193	12, 315, 193	So $%$
	3. Details of relevant interests	The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the dete the substantial holder became a substantial
	Holder of relevant interest	Nature of relevant Interest (7)		Class and number of securities
	Tels ha S	Superannuahon/Invertment	12.	ord. Shares
	Datalis of present registered holders	The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
	Holder of relevant	Registered holder of	Person entitled to be	Class and number
	interest	securities	registered as holder (8)	of securities
	Telsta Super	National Nomineesі ніcustodian۵S	Der tegisteredbolder	ordinaryraics
holder are as follows:6. Consideration	substantial holder is as follows:	The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a
	Holder of relevantInterest	Date of acquisition	Consideration (9)	Class and numberof securities
			CashNon-cash
	Telsha SuoerLι۰,	20 IS2919	499.999.50ዋገሩ ገኔጸ-?	ordinany shares12,315,193ч,11
	Mſr.	201526,Ιo	5735,944.50	tL.ŧ.$\boldsymbol{\mu}$

		60.page 2/2 15 July 2001
	6. AssociatesThe reasons the persons named in peragraph 3 above are associates of the substantial holder are as follower
	Name and ACN/ARSN (if applicable)	Natura of association
	7. Addresses
	The addresses of persons named in this form are as follows:
	Name	Address
		300 D8.Spring St, Melbournes215UC.evel
	llatonal Nomnees	BourkeMelbourne3000500
	Signature
	ロいヒートprint name	෭ඟ$\beta$ RAILSFORDcapacity
	sign here	15date O낙 / ll
		DIRECTIONS
(1)	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of anequity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred tothroughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in peragraph 7 of theform.
Ø	See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)
	See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevantInterest in.
(6)	The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)	include details of:
	(a)	any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting outthe terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompanythis form, together with a written statement certifying this contract, scheme or arrangement; and
	(b)	any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities towhich the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
	See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(Β)	If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
(9)	Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, becomeentitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must beincluded of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whomthe relevant interest was acquired.